All monies received by a salesperson or an associate broker in connection with a real estate transaction in which she or he is engaged on behalf of her or his managing or principal broker, shall be immediately delivered to her or his managing or principal broker.

Source. #5076, eff 2-21-91 (from Rea 404.03); ss by #5576, eff 2-11-93, EXPIRED: 2-11-99 New. #7164, INTERIM, eff 12-18-99, EXPIRED: 4-16-00 New. #7267, eff 5-6-00 (formerly Rea 702.03); ss by #7522, eff 6-28-01; ss by #9301, eff 10-22-08, EXPIRED: 10-22-16 New. #12067, INTERIM, eff 12-21-16, EXPIRES: 6-19-17; ss by #12213, eff 6-18-17